1. The European PPP Expertise Centre
Role and Activities
Edward Farquharson
Principal Advisor

2. European PPP Expertise Centre: Who are we?
Established in September 2008
As a unique cooperative initiative of the EIB, the EC and EU Candidate & Member States
With a mission to support the public sector to deliver better PPPs
39 Members (typically PPP units)
Multi-disciplinary team
With significant Member engagement in EPEC Working Groups

3. EPEC: what do we do and how?
EPEC’s activities
EPEC’s methods
Collaborative Working – information sharing through Member working groups on key PPP themes
Helpdesk – service offered to Members providing rapid responses to enquiries
Institutional Strengthening – policy and programme support through bilateral working with Members
Identifying key issues, researching/analysing them, sharing information, experience and expertise
Promoting good practice across the public sector
Strengthening the organisational capacity of public authorities to develop PPP policies and programmes

4. EPEC Reports EPEC provides Guidance on wide ranging PPP topics:
Combining EU funds and PPP
State Guarantees in PPP
Non-financial Benefits of PPP
PPP Statistical and Accounting treatment
Competitive Dialogue procurement
Project bonds
Operational PPPs
Project advisers
… and continues to address new questions:
Ex post Evaluations of PPP projects and programmes
PPPs and fiscal risk
Value for money

5. Key elements of EPEC work programme
Network Activities
PPP Organisational Capacity
PPP Institutional Arrangements
PPP Investment Planning, Programme and Project Preparation
PPP Financing Instruments
Combining EU Funds and PPPs
Emerging Solutions for Financing PPPs
Value for Money
Procurement
Eurostat, Accounting and Fiscal Risk
Ex-post Evaluation
Operational PPPs
Network Support
EPEC Websites
EPEC PPP Guide
Market Updates
Helpdesk Requests
Events
Bilateral Advisory Services
EPEC Member (country) Bilaterals
Direct and Discrete Advisory Services for EPEC Members
Mandatory Advisory Services
Western Balkans Investment Framework
Facility for Euro-Mediterranean Investment and Partnership

6. The European PPP Market
Trends and Developments

7. The European PPP Market in 2013:
Out of the crisis?
Key figures:
Value
EUR 16.7 billion in 2013
EUR 12.8 billion in 2012
Deals
80 in 2013
68 in 2012
Average deal value
EUR 208 million in 2013
EUR 188 million in 2012
Large deals (>EUR 500 million)
6 in 2013
4 in 2012
Source: EPEC PPP Database

8. The European PPP Market in 2013:
Source: EPEC PPP Database
UK, Italy and France largest markets accounting for 73% of the overall European market value
14 countries closed at least one PPP transaction in 2013 (compared to 9 in 2012)

9. The European PPP Market in 2013 cont.:
Large deals (> EUR 500 million)
Six large transactions closed in (four in 2012)
Aggregate value of these transactions accounted for 52% of the total market value
Two motorway projects in Italy alone accounted for 25% the total market value
Other notable projects: Zagreb Airport expansion (EUR 331 million) and Marseille L2 Bypass (EUR 233 million)
Thameslink Rolling Stock PPP (EUR 1.9 billion)
Royal Liverpool Hospital PPP (EUR 509 million)
BreBeMi Motorway PPP (EUR 2.3 billion)
Milan eastern ring road PPP (EUR 1.8 billion)
A1/A6 motorway Schiphol-Amsterdam-Almere (EUR 1.0 billion)
Source: EPEC PPP Database
Phase 1 of Gebze-Izmir Toll Road (EUR 1.1 billion)

10. Transaction value - Volume in EUR Number of transactions
The European PPP Market in 2013 cont.:
Sectorial breakdown
Source: EPEC PPP Database
Transaction value - Volume in EUR
Number of transactions
Compared to 2012, transport and education market share remain approximately stable, while healthcare increased by 6% and environment by 9%
Education remained the most active sector also in 2013 with stable values in volume terms. Environment recorded 10 deals more than 2012.

11. Commercial debt pricing for PPP transactions
The European PPP Market in 2013 cont.:
Financing terms
Commercial debt pricing for PPP transactions
Commercial debt margins went down in 2013
PPP Loan tenors in 2013
Source: EPEC PPP Database
Loan tenors remained on average the same as in 2012

12. EIB Market Share in PPPs since 2004
Market share increased on average by 5% during the crisis (14.1% in vs 9.3% in )
Note: Data for 2013 are provisional

13. EIB lending in PPPs since 1990
Over 175 projects in 19 countries
Total lending volume > EUR 35 billion
Transport projects share
82%
Note: Data for 2013 are provisional

14. European PPP Expertise Centre
Edward Farquharson
Principal Advisor
European PPP Expertise Centre
Telephone:
Fax: